AUD/JPY rises as carry trade demand and widening rate differentials support the Aussie, with traders watching 115 resistance and a potential move toward
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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GBP/AUD remains range-bound as the pound slips below the 50-day EMA, with traders watching 1.90 support, 1.92 resistance, and short-term moves.
The $4,700 resistance zone has emerged as the pivot that separates two competing narratives: one in which Fed rate expectations remain anchored to terminal tightening, and another where fiscal pressure and real yield compression force a structural repricing...
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Meta title: EUR/USD Stalls at 1.1700 Ahead of Jackson Hole
Since last Wednesday USD centric weakness has helped pave the way in the broad Forex market for other currencies to gain. The South African Rand has certainly been part of the trend and it is now traversing territory that will raise eyebrows.
USD/CHF rebounds from 200-day EMA support as carry trade demand returns, with 0.7950 acting as key support and 0.82 as the upside target.
AUD/USD retreats ahead of key US macro data, but support above the 50-period EMA and easing RSI suggest a possible rebound toward 0.7250.
BTC/USD breaks above $80,000 as ETF inflows, crypto market strength, and bullish technical momentum keep Bitcoin targeting the 85,000 level.
Can GBP/USD Capitalise on the Bullish Breakout?
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While rising bond yields and news of the Treasury Department doubling its buyback program has helped push the Aussie dollar to recent multi-month highs on dollar weakness, the pair took a breather on Monday
EUR/USD weakens after forming two shooting stars, with US inflation, consumer confidence, GDP data, and Jackson Hole guidance driving the next move.
EUR/GBP remains under pressure as the euro struggles near 50-day EMA resistance, with traders watching 0.8530 support amid ECB and UK rate expectations.
GBP/CHF continues its recovery as traders focus on carry trade opportunities, with the pound holding above 50-day EMA support and targeting 1.10 resistance.
USD/JPY stabilizes as buyers defend trendline support, with the pair targeting 160 yen resistance while rate differentials continue supporting the dollar.
EUR/AUD stabilizes after Friday’s sell-off as traders watch the 1.6150 to 1.6600 range, support levels, and potential bounce opportunities.